26 Capital Winds Down After Merger Collapse

Alexeiseman26 Jun, 2025Business

26 Capital Acquisition Corp. has announced plans to delist and liquidate following the termination of its proposed merger with Okada Manila, the luxury casino and resort operator based in the Philippines. The special purpose acquisition company (SPAC) had spent over two years working to finalize the deal, which would have taken Okada Manila public on a U.S. exchange. However, after prolonged delays, legal disputes, and regulatory hurdles, the transaction ultimately failed to close.